All the pieces We Know About The Faux Banksy NFT That Bought For 100 ETH


All the pieces in regards to the faux Banksy NFT story matches collectively like puzzle items. And it’s mysterious. And nobody will get harm. A feel-good story with a twist, if you’ll. To begin with, the one who purchased the faux Banksy NFT is named Pranksy. That’s proper, Pranksy. What are the chances? And it simply will get weirder from there.

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You see, Pranksy is a infamous NFT collector. Twitter gave him a blue checkmark. His prominence within the NFT group is what elevates this story. Was this individual focused? Pranksy purchased the piece “Nice Redistribution of the Local weather Change Catastrophe” realizing full nicely that there was threat concerned. Despite the fact that Banksy’s official website hosted a web page linking to the public sale.

Let’s quote Gizmondo with the 411:

“The solid piece of digital artwork popped up on Banksy’s official website on Tuesday morning underneath the now-deleted URL “” The one factor on the web page was a JPEG of what was presumably Banksy’s tackle the $1 billion greenback CryptoPunk hype practice, that includes the artist’s regular form of social commentary, this time in regards to the terrible carbon footprint that NFT art work leaves behind.”

To be truthful, Banksy’s “regular form of social commentary” is often far more poignant than what this piece gives. The faux Banksy NFT, “Nice Redistribution of the Local weather Change Catastrophe,” is mainly a CryptoPunks rip-off barking on the unsuitable trigger. The NFT collector knew one thing felt off from the very starting; “Is that this… actual?” was Pranksy’s first response.

Who’s Behind The Sale Of The Faux Banksy NFT?

Within the opensea NFT market, the web page that hosted the public sale was underneath the identify “gaakman.” The Artwork Newspaper gives data in regards to the potential pseudonym.

“Options that gaakmann could possibly be Banksy as a result of the artist used the pseudonym “Bryan S. Gaakman” when he entered a piece into the RA summer time exhibition in 2018 appeared far-fetched.”

Since that’s a recognized Banksy pseudonym and the hyperlink got here from the official website, Pranksy proceeded. The NFT collector bid 100 ETH, orders of magnitude greater than the very best bid on the time. The provide was instantly accepted. That’s when Pranksy knew one thing was unsuitable. “The hyperlink was faraway from his web site so it might have been a really elaborate hoax, my guess is that’s what it will likely be, solely time will inform!

Then, somebody on the BBC contacted Pranksy and knowledgeable him that the faux Banksy NFT was certainly faux. “Hopefully I can get in contact with the group who represents him, if not it was enjoyable leisure for us all as we speak,” Pranksy stated through Twitter. Banksy’s Pest Management authentication group instructed the BBC, “any Banksy NFT auctions usually are not affiliated with the artist in any form or type.

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The Return Of The Scammed ETH

Was this Pranksy individual focused? That is the flip. That is the place it will get bizarre. Let’s quote Decrypt with the outline:

“Then, in maybe an equally unusual flip of occasions, the scammer returned 97.69 ETH to Pranksy a bit greater than eight hours later. “No thought why [he returned the funds],” Pranksy instructed Decrypt. “I feel I tracked him down, and he was made conscious.”

Pranksy gave the BBC a extra detailed description of what “tracked him down” means

“The refund was completely sudden, I feel the press protection of the hack plus the truth that I had discovered the hacker and adopted him on Twitter could have pushed him right into a refund.

“I really feel very fortunate when a variety of others in an identical state of affairs with much less attain wouldn’t have had the identical consequence,” he stated.”

That is the place the tables turned and Pranksy become the primary suspect. The Artwork Newspaper accuses:

“The query, then, is who has masterminded the sale. Pranksy’s cowl photograph on Twitter is of a pixelated pink and white aeroplane, not dissimilar in aesthetic to the crudely rendered NFT. When requested if he was in on the hoax, Pranksy denied any involvement. “No prank in any respect,” he instructed The Artwork Newspaper. So was he scammed? “I feel so, however I wasn’t pressured to bid. It’s the chance I took. No refunds on the blockchain!”

Pranksy is a professional. He was conscious of the dangers from day one.

Our Concept About The Faux Banksy NFT

A mysterious stranger Direct Messaged Pranksy to let him find out about that one-in-a-lifetime public sale. In the Decrypt story, they’ve screenshots of the DMs. Was Pranksy focused by Banksy and his group? If Banksy needed to create worldwide headlines and touch upon the NFT growth on the similar time, a infamous artwork collector was the lacking ingredient. Pransky’s prominence within the NFT group combined together with his identify makes him a perfect goal. 

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In fact, we’ve got no solution to show any of this. All the pieces in regards to the faux Banksy NFT story matches collectively like puzzle items, nevertheless.

Featured Picture: Screenshot of the faux Banksy NFT | Charts by TradingView


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